RE: ASOS all over news15 Oct 2022 17:02
City sources said this weekend that lenders including Barclays, HSBC and Lloyds Banking Group were lining up AlixPartners and law firm Clifford Chance to advise them on the unfolding situation.
Asos and its banking syndicate are said to be in advanced talks to agree on the amendment.
However, at least one major trade credit insurer which provides cover to Asos's suppliers in the event of its failure to pay them is said to have decided to reduce its support.